RRESX Fees and Costs — Global Real Estate Securities Fund, Class S
Data updated: 2026-09-25
The net expense ratio is 1.09%: a 0.80% management fee plus 0.37% other expenses, less a 0.08% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $208K in broker commissions, 0.0542% of average net assets, and portfolio turnover was 67%.
RRESX Fees and Expenses
Annual operating expenses and sales charges of RRESX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.37% |
| Gross expense ratio | 1.17% |
| Fee waiver | −0.08% |
| Net expense ratio | 1.09% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
RRESX Costs Over Time
On $10,000 invested in RRESX, assuming 5% a year before costs, total costs come to $714 over 5 years, cutting the return by 1.20% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.09%) | $114 | $357 | $617 |
| Trading costs (broker commissions) | $6 | $18 | $31 |
| Lost growth on money paid in costs | $0 | $19 | $66 |
| Total costs | $120 | $393 | $714 |
| Value after costs | $10,380 | $11,183 | $12,049 |
| Impact on return, per year | 1.20% | 1.20% | 1.20% |
RRESX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0542%
- Total broker commissions: $208K
- Bought from dealers (principal trades, not a cost): $301.1M
- Portfolio turnover (prospectus): 67%
- Securities lending: none during the year
RRESX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Nomura Securities International, Inc. | $41K | 21.36% |
| UBS Securities LLC | $33K | 17.03% |
| Jefferies LLC | $32K | 16.75% |
| BNY Capital Markets, LLC | $27K | 14.29% |
| BofA Securities, Inc. | $18K | 9.49% |
| Citigroup Global Markets Inc. | $14K | 7.53% |
| Goldman Sachs & Co. LLC | $8K | 4.33% |
| Wells Fargo Securities, LLC | $7K | 3.43% |
| Virtu Americas LLC | $6K | 3.01% |
| Morgan Stanley & Co. LLC | $5K | 2.78% |
RRESX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $299.7M | 99.53% |
| Louisiana Court of Appeal, First Circuit | $1.0M | 0.34% |
| J.P. Morgan Securities LLC | $387K | 0.13% |
Global Real Estate Securities Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| RREYX | Class Y | 0.89% | none |
| RRSRX | Class R6 | 0.92% | none |
| RETTX | Class M | 0.99% | none |
| RRESX | Class S | 1.09% | none |
| RREAX | Class A | 1.34% | 5.75% |
| RRSCX | Class C | 2.09% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.